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All Journal CIRCUIT: Jurnal Ilmiah Pendidikan Teknik Elektro JURNAL ILMIAH KOHESI Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences JRAM (Jurnal Riset Akuntansi Multiparadigma) Benefit : Journal of Bussiness, Economics, and Finance Krigan: Journal of Management and Sharia Business
Zufrizal
Universitas Islam Sumatera Utara
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Hedging Decisions and Its Affecting Factors on Mining Companies Listed in the Indonesian Sharia Stock Index (ISSI) Rahayu, Sri; Zufrizal, Zufrizal; Astuty, Widia; Triastuti, Heny
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 3, No 4 (2020): Budapest International Research and Critics Institute November
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v3i4.1277

Abstract

International trade encourages increased competition as well as volatility in market prices, which causes uncertainty or increased business risk in maintaining business. The risk of fluctuations in foreign exchange rates is the biggest risk that affects international trading activities, so to reduce the impact of this risk a company needs to carry out risk management by carrying out hedging activities. This study aims to determine and explain the effect of leverage (Debt to Equity Ratio), liquidity (Current Ratio), firm size, and profitability (Return On Asset) on hedging decisions in companies listed on the Indonesian Sharia Stock Index (ISSI) for the period 2016- 2018. The sample selection in this study used a purposive sampling method and obtained a sample of 12 mining companies. The method of analysis used in this research is logistic regression method. Based on the research results, it shows that the Debt to Equity Ratio, Current Ratio, and firm size have an effect on hedging decisions, while Return on Assets has no effect on hedging decisions.
Co-Authors Abdul Rasyid Alifia Karina Putri, Adisty Ardiansyah, Ilham Aulia Khanza Mariva Azwansyah Habibie, Azwansyah Desi Permata Sari Dinda Fauzia Aulia Eli Agustami Farida Khairani Lubis Hakim, Inaya Ilmiha, Jalilah Jalilah Ilmiha Lady Vini Maharani Lubis Lusi Elviani Rangkuti Michael Sinaga Muhammad Ikhsan Nazira Natasha Lubis Ningsih, Heny Triastuti Kurnia Noni Ayunda Sari Nur Augus Fahmi Ramadona Simbolon Shofwan Andri Sri Rahayu SRI RAHAYU Syamsul Effendi Taufik Taufik Widia Astuty Zenni Riana